5 ms·
Real estate has a powerful lobby and many property owners are well-connected themselves. A lot of people own property and don't see it as free money. They empat
by cynicalkane 5y ago
Real estate has a powerful lobby and many property owners are well-connected themselves. A lot of people own property and don't see it as free money. They empathize with property owners. Though it's easier money if you're politically connected and/or already wealthy.
Stocks are held by rich people and techbros, in the minds of the public. Whether something is valuable or not valuable depends on who you empathize with. Right now occupations held by the wealthy are disliked and unpopular.
Really you should just tax income at high rates and investment at near-0%. When people cash out their investments, tax them at ordinary income rates. This is how your 401(k) or IRA already works. You'll need to raise taxes on the affluent who spend instead of save, but that's not a bad thing.
- toomuchtodo 5y agoIf you borrow against your investments, you never have to sell, and your investments will simply grow faster than your borrowing costs. Wealth must be taxed, taxing income alone is insufficient. We have property taxes for property, there’s no reason we can’t have investment taxes for securities.
- 0xEFF 5y ago> Really you should just tax income at high rates and investment at near-0%. Does this address taxes lost from people being paid in stock units?
- conro1108 5y agoYou pay income tax on those units of stock when you are paid with them.
- deleted 5y ago[deleted]
- deleted 5y ago[deleted]
- ac29 5y ago> Really you should just tax income at high rates and investment at near-0% The article mentions income taxes are unconstitutional in Washington.
- AnimalMuppet 5y agoThen how is this constitutional? We can't have an income tax, but we can have a tax on certain kinds of income? How does that work?
- jdhn 5y agoThe supporters of the bill think that it counts as an excise tax.